Short Interest in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) Increases By 196.8%

iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 232,318 shares, a growth of 196.8% from the August 15th total of 78,263 shares. Based on an average daily trading volume, of 225,210 shares, the short-interest ratio is currently 1.0 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in iShares U.S. Power Infrastructure ETF stock. Lionsbridge Wealth Management LLC purchased a new stake in iShares U.S. Power Infrastructure ETF (NYSEARCA:POWR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 57,096 shares of the company’s stock, valued at approximately $1,596,000. iShares U.S. Power Infrastructure ETF accounts for approximately 1.4% of Lionsbridge Wealth Management LLC’s portfolio, making the stock its 25th biggest position. Lionsbridge Wealth Management LLC owned approximately 0.33% of iShares U.S. Power Infrastructure ETF as of its most recent SEC filing. Institutional investors own 60.64% of the company’s stock.

iShares U.S. Power Infrastructure ETF Trading Down 3.1%

Shares of NYSEARCA POWR opened at $24.84 on Tuesday. The company has a market cap of $427.25 million, a price-to-earnings ratio of 177.43 and a beta of 0.46. The stock has a 50-day moving average price of $26.29 and a two-hundred day moving average price of $26.69. iShares U.S. Power Infrastructure ETF has a 12 month low of $23.18 and a 12 month high of $28.44.